CUES-
--Nifty April future discount increased to 6 points so cost of carry decreased..
--Nifty open interest decreased by 20 lacs suggests long unwinding. (Total OI now at 4.26 cr)
--3300 puts had open interest of 63 lacs and 3500 calls had open interest of 46 lacs, so 3300 and 3500 will be important levels to watch for.
--India VIX closed at 54.22, increased by 7% suggests instability and uncertainty.
--US markets closed in red.
--Asian markets trading weak.
--Sgx nifty trading at 3322. (Down 54)
--Positional strategy for nifty— Neutral. (Initiate short if closes below 3351)
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